J.P. Morgan Overhaul Widens

James 'Jes' Staley, Once a CEO Contender, Set to Join the 'Whale' Trade Winner

By

Dan Fitzpatrick

Updated Jan. 8, 2013 9:06 p.m. ET

Two more members of the management team that steered J.P. Morgan Chase & Co. through the credit crisis have taken new jobs, as the largest U.S. bank assembles a younger set of top leaders.

James "Jes" Staley, the former chief of the New York company's investment bank, said Tuesday he is leaving to join a hedge fund that profited on a trade that saddled J.P. Morgan with more than $6 billion in losses last year.